Short Interest in DoubleLine Opportunistic Credit Fund (NYSE:DBL) Increases By 24.5%

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 52,300 shares, a growth of 24.5% from the August 15th total of 42,000 shares. Based on an average daily volume of 46,000 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On DoubleLine Opportunistic Credit Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Advisory Services LLC purchased a new position in shares of DoubleLine Opportunistic Credit Fund in the 1st quarter valued at approximately $25,000. CoreCap Advisors LLC purchased a new position in shares of DoubleLine Opportunistic Credit Fund in the 4th quarter valued at approximately $28,000. Elequin Securities LLC purchased a new position in shares of DoubleLine Opportunistic Credit Fund in the 1st quarter valued at approximately $40,000. Captrust Financial Advisors purchased a new position in shares of DoubleLine Opportunistic Credit Fund in the 2nd quarter valued at approximately $69,000. Finally, Carmel Capital Partners LLC purchased a new position in shares of DoubleLine Opportunistic Credit Fund in the 1st quarter valued at approximately $99,000.

DoubleLine Opportunistic Credit Fund Price Performance

DBL traded up $0.12 on Monday, hitting $14.55. 93,820 shares of the company were exchanged, compared to its average volume of 49,191. The firm has a fifty day simple moving average of $14.38 and a two-hundred day simple moving average of $14.46. DoubleLine Opportunistic Credit Fund has a 12 month low of $13.83 and a 12 month high of $15.76.

DoubleLine Opportunistic Credit Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 14th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $1.32 annualized dividend and a yield of 9.07%.

About DoubleLine Opportunistic Credit Fund

DoubleLine Opportunistic Credit Fund is a close-ended fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in the fixed income markets. It invests in debt securities including residential and commercial mortgage-backed securities, asset-backed securities, U.S Government securities, corporate debt, international sovereign debt, and short-term investments.The fund benchmarks the performance of its portfolio against the Barclays Capital U.S.